/lit/ - Literature

i think he has good advice if you're financially illiterate

>>17678365
Is that John David Card?
yeah he got me too.

>buy
>book

????????

>>17678399
It's Robert Kiyosaki, I'm reading "Rich dad's guide to investing". One third of the book in, he's still spinning 5 different thoughts in circles, how he used to be poor in 1973, how the rich want to keep the poor - poor, how there's different kinds of investors and you need to choose the right one etc. The book is fairly easy to read but feels like one of those "increase your dick by 2" in a week with this one simple method" kind of scams. I was hoping someone had a similar experience here

>>17678389
NO
NO NO NO
fuck this guy, one of his main advices in rich dad poor dad is "pay yourself first", as in invest first, pay utilities and taxes later, in fact, go into debt beacuse they ain't gonna do shit for a while - this is awful, especially for the kind of person who would look into books like these
I don't think he ever followed his own advice, he didn't get rich off of finances, he earned his money through selling the book and doing courses

>>17678431

I haven't read his book - what advice is he giving? Investing is fairly simple desu - the easiest stuff gives you the best long-term results.

>>17678447
Damn, guess I did get scammed after all
>>17678460
See that's the problem, the book is called "guide to investing" but he gives very little valuable information. At page 40~ he even states: "This is not a book about investing, rather a book about the lives of investors." So far the most valuable data I've gathered is that there's 4 types of workers: Employed, self-employed, business owners and investors; and there are different stock market laws for business owners and the employed/self employed. If you want to get rich through investing, your best bet is to start a business and have it invest for you; that way you avoid taxes, and create a financial foundation for yourself. This is fair advice, but I don't think it's worth writing a hundred pages just to say what I summed up in a few sentences, especially taking into account that maybe 5 pages were useful, the rest was mostly autobiography.

>>17678365
He's practically running a cult. His people will try to convert you to his gospel of wealth because they're running a multi-level marketing (pyramid) scheme and they depend on having you under them to make more money. It's kind of fucked. He's right about some things (as far as capitalism makes them right...) so the only thing I'll say is that he's done that much right. Namely, he points out that a wage worker, a self-employed professional, a company stock owner, and someone who owns assets (like landed property) all differ because of the way income is generated there. He's right, and it's sad most people don't know the basic differences with those four. Only leftists like Marxists tend to, other than that it's business majors perhaps. Having that knowledge either makes you angrier at capitalist inequalities, or helps you realize how easy it is to game the system to make the most cash.

>>17678365
Didn't know Jackie Chan wrote any books

>>17678365
>His stuff is fine except for that one chapter where he says to the bank manager "I have a rich dad." And the bank manager said "now you have a poor dad" and began eating all of his father's life savings out of a bento box and threw his monocle in the trash and pulled a new one out of the desk drawer. That kind of ruined the immersion for me desu

>>17678365
The Rightist Book Shilling Industrial Complex

>>17679040
Just say no to it.